The Decree implementing the ATAD Directive and the repercussions of the new definition of non-financial holding.

The Decree implementing the Atad Directive has introduced, at art. 162-bis of the Consolidated Income Tax Act, a new definition of industrial holding (rectius, in the consolidated act, “non financial holding and assimilated”) that should not be underestimated for its impact on the companies owing high value participations.   The Decree implementing the Atad Directive…